Personal remittances grew 10.8% in January: central bank
March 15, 2018
Personal remittances from overseas Filipinos grew by 10.8 percent year-on-year in January 2018 to reach $2.7 billion, Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla, Jr. announced Thursday. Personal remittances from land-based workers with work contracts of one year or
PSE index closes at year’s low
March 15, 2018
The Philippine Stock Exchange Index closed at its year’s low on Thursday. The index closed 158.73 points lower to 8,190.01 points. In the broader market, there were 116 decliners, 92 gainers and 47 shares unchanged. Volume reached 8.14 billion shares
SMC recurring income up 11 percent to P55 billion in 2017
March 15, 2018
San Miguel Corporation posted strong 2017 results fueled by higher contributions from subsidiary Petron Corporation’s Philippines, Malaysia, and petrochemicals operations, along with its food and beverage businesses. Consolidated revenues reached P826 billion, up 21 percent from 2016, as sales across
Stocks down, peso at P52.07:$1
March 14, 2018
Stocks ended lower on Wednesday, as the Philippine Stock Exchange index declined 70.83 points to 8,348.74. In the broader market, there were 122 decliners, 99 gainers and 40 issues unchanged. Volume reached 6.59 billion worth P7.48 billion from Tuesday’s 4.85
Stocks decline, peso unchanged at P52.40:$1
March 13, 2018
Stocks declined on Tuesday, as the Philippine Stock Exchange index shed 33.93 points to 8,419.37. In the broader market, there were 123 decliners, 84 gainers and 52 shares unchanged. Volume reached 4.85 billion shares worth P6.56 billion from Monday’s 8.52
Globe borrows from Mizuho Bank to partly fund capital expenditure
March 13, 2018
Globe Telecom Inc. said it borrowed money from a Japanese bank to partly finance its capital expenditures this year. In a disclosure to the Philippine Stock Exchange Tuesday, the Ayala-led telco said it signed P6 billion and $20 million seven-year
NEDA ICC-CABCOM okays three high-impact projects
March 13, 2018
The National Economic and Development Authority (NEDA) Board’s Investment Coordination Committee-Cabinet Committee (ICC-CabCom) approved in its meeting on Thursday, three new projects, including a flood control project in Mindanao and a traffic-alleviating project in Metro Manila. The Ambal-Simuay River and Rio Grande
Stocks lose some ground near close
March 12, 2018
The Philippine Stock Exchange index lost steam in the last 30 minutes of trading on Monday. The index closed at 8, 453,50 points, up 80.59 or nearly 20 points lower from its peak. The broad market was mixed with 109
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